Reliance Q1 FY27 results review
Reliance Q1 FY27: revenue ₹3,11,850 crore (+25.4% YoY), adjusted PAT ₹20,946 crore; 4 of 15 promises due delivered. AlphaResearch Results Rating C (↑), a model output — no target or fair value.
Research
Independent research on Indian IPOs, stocks, sectors, and funds. Every number traces to a cited source. Newest first.
Glass Wall Systems IPO Review: 86% OFS, 19x
A façade contractor is raising ₹428 crore, 86% of it an OFS including a ₹272 crore PE exit, at 19.1x FY26. Structure, cash, and the one listed peer.
Kanohar Electricals IPO Review: 72% OFS, 38x FY26
A Meerut transformer maker is asking ₹1,056 crore, 72% of it an OFS, at 38.6x FY26. Here is the issue structure, the 7x profit jump, and the five checks I run.
Pranav Constructions IPO Review: Cash vs Profit
A Mumbai redevelopment developer is raising ₹351 crore, 90% fresh, at 19.6x FY26. Profit grew; operating cash was negative in FY25 and FY26.
Prasol Chemicals IPO Review: 84% OFS, 48x FY26
A speciality-chemicals maker is raising ₹500 crore, 84% of it an OFS, at 48x FY26. Margins doubled; cash did not keep up. Here are the five checks.